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Frequently Asked Questions
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If you own cryptocurrency on another platform or wallet, you can transfer them to your Binance Wallet for trading, or grow your crypto holdings with our suite of services on Binance Earn.
How to deposit crypto on the Binance app?
1. Log in to your Binance app and tap [Deposit].
2. Choose [Deposit Crypto].
3. Choose the cryptocurrency you want to deposit, for example, BNB.
4. Youâll see the available networks for depositing BNB. Please choose carefully and make sure that the selected network is the same as the network of the platform you are withdrawing funds from. If you select the wrong network, your funds might be lost and cannot be recovered.
5. Youâll see a QR code and the deposit address for the network you chose. Tap the copy icon to copy the deposit address, then paste it to the address field on the platform you intend to withdraw crypto from. You may also tap [Save and Share Address] to save the QR code and import it to the withdrawing platform directly.
6. You can also select which wallet to deposit funds to by tapping [More Details]. Tap [Spot Wallet] and choose where you wish the deposit to be credited to (Spot Wallet or Funding Wallet).
7. After confirming the deposit request, your transfer will be processed. The confirmation time varies depending on the blockchain and its current network traffic.
Once confirmed, the funds will be credited to your Binance account shortly after.
How to deposit crypto on the Binance website?
1. Log into your Binance account and click [Deposit].
2. Click [Deposit Crypto] on the side panel.
3. Youâll be redirected to the Deposit Crypto page. Select the cryptocurrency you want to deposit, for example, BNB.
4. Choose the deposit network. Please make sure that the selected network is the same as the network of the platform you are withdrawing funds from. If you select the wrong network, your funds might be lost and couldnât be recovered.
Some examples of network selection:
- BNB refers to the BNB Beacon Chain (BEP2);
- BSC refers to the BNB Smart Chain (BEP20);
- ETH refers to the Ethereum network (ERC20);
- TRX refers to the TRON network (TRC20);
- BTC refers to the Bitcoin network;
- SegWitBTC refers to Native Segwit (bech32), and the address starts with âbc1â. You can withdraw or send your Bitcoin to SegWit (bech32) addresses. For more details, please refer to What Is Segregated Witness (SegWit)?.
- For certain networks, such as BEP2 or EOS, you must fill in the Memo when making a transfer, or your address cannot be detected.
Please note:
- The available networks depend on the options provided by the external wallet/exchange that you are making the withdrawal from. For example, if the external platform only supports ERC20, you must select the ERC20 deposit network.
- DO NOT select the cheapest fee option. Select the one that is compatible with the platform you're withdrawing crypto from. For example, you can only send ERC20 tokens to another ERC20 address, and you can only send BSC tokens to another BSC address. If you select incompatible/different deposit networks, you will lose your funds.
5. Youâll see a QR code and the deposit address for the network you chose. Click the copy icon to copy the deposit address, then paste it to the address field on the platform you intend to withdraw crypto from. You may also right-click on the QR code to save it as an image and import it to the withdrawing platform directly.
6. You can also select which wallet to deposit funds to by clicking [Spot Wallet] next to [Selected wallet]. Choose the Spot Wallet or Funding Wallet and click [Confirm].
7. After confirming the deposit request, your transfer will be processed. The confirmation time varies depending on the blockchain and its current network traffic.
Once confirmed, the funds will be credited to your Binance account shortly after. You can check the status of your deposit from [Transaction History].
1. How to find my Binance deposit address?
Cryptocurrencies are deposited via a deposit address. To view the deposit address of your Binance Wallet, go to [Deposit] and click [Deposit Crypto]. After selecting the coin you wish to deposit and the network youâre using, you will see the deposit address. Copy and paste the address to the platform or wallet you are withdrawing from to transfer them to your Binance Wallet. In some cases, you will also need to include a MEMO.
2. How to check my transaction history?
You can check the status of your deposit from [Wallet] - [Transaction History].
If youâre using the App, go to [Wallets] - [Spot] and tap the transaction history icon on the right.
If you donât own any cryptocurrency, you can refer to the Buy Crypto FAQ articles.
3. What is a tag/memo and why do I need to enter it when depositing crypto?
A tag or memo is a unique identifier assigned to each account for identifying a deposit and crediting the appropriate account. When depositing certain crypto, such as BNB, XEM, XLM, XRP, KAVA, ATOM, BAND, EOS, etc., you need to enter the respective tag or memo for it to be successfully credited.
4. How long does it take for my funds to arrive? What is the transaction fee?
After confirming your request on Binance, it takes time for the transaction to be confirmed on the blockchain. The confirmation time varies depending on the blockchain and its current network traffic.
For example, if youâre depositing USDT, Binance supports the ERC20, BEP2, and TRC20 networks. You can select the desired network from the platform youâre withdrawing from, enter the amount to withdraw, and you will see the relevant transaction fees.
The funds will be credited to your Binance account shortly after the network confirms the transaction.
Please note if you entered the wrong deposit address or selected an unsupported network, your funds will be lost. Always check carefully before you confirm the transaction.